Cheap Homes for Rent in Homewood, AL from $600 (54 Rentals)

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Search the lowest-cost Homes available for rent right now in Homewood.

property at 1616 13th Pl S

$750

Total Monthly Price

Total Monthly Price

Base Rent
$750
Total Monthly Price
$750

1 Bedroom, 1 Bath Condo for Rent

Available Mar 2

1616 13th Pl S, Unit A

1616 13th Pl S
BirminghamAL35205

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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property at 118 3rd Ave SW

$950

Total Monthly Price

Total Monthly Price

Base Rent
$950
Total Monthly Price
$950

3 Bedroom, 1 Bath Home for Rent

Available Now

118 3rd Ave SW

BirminghamAL35211

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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property at 2209 Center Way S

$1,000

Total Monthly Price

Total Monthly Price

Base Rent
$1,000
Total Monthly Price
$1,000

2 Bedroom, 1 Bath Home for Rent

Available Now

2209 Center Way S

BirminghamAL35205

Birmingham Neighborhood Breakdown: Where to Find the Cheapest Rent Without Sacrificing Livability

A Local Experts Guide to The Best Affordable Neighborhoods in the Birmingham, AL area for affordable living. Find your perfect Birmingham apartment, condo, or rental home today at ApartmentHomeliving.com

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property at 1709 1st St S

$1,095

Total Monthly Price

Total Monthly Price

Base Rent
$1,083
Required Monthly Fees
$12
Total Monthly Price
$1,095

3 Bedroom, 1 Bath Rentals

Available Now

1709 1st St S

BirminghamAL35205

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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property at 2020 5th Ave S

$1,200 - $1,450

1 Bedroom Rentals

Available Now

2020 5th Ave S

BirminghamAL35294

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Showing Results 1-50, Page 1 of 2

Homewood, AL Local Guide

Cheapest Available Homewood Apartments for Rent

 

The cheapest available apartment rental in Homewood, AL is a Studio unit found at University Ridge Apartments in the Smithfield neighborhood priced from $625. Pointe Arlington in the West End neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $700. Here is today’s list of the most affordable Homewood apartments for rent:

Apartment ListingModel NameBed/BathPriced From
University Ridge ApartmentsStudioStudio,1BA$625
Pointe Arlington1/1.001BR,1BA$700
Terrace ApartmentsStudio 1 Bath - Ground LevelStudio,1BA$715
Tower on TenthFive PointsStudio,1BA$734
Southridge Apartments1 Bedroom 1 Bath1BR,1BA$740
Beacon Pointe Apartments1 Bed/1 Bath1BR,1BA$749
Element 261x1 [1st Floor, Parking Lot Facing]1BR,1BA$750
Magnolia Court1 Bedroom / 1 Bathroom Apartment, Ground Floor,...1BR,1BA$751
Redwood Manor1 Bedroom / 1 Bathroom Apartment1BR,1BA$760
DMG MountainsideMtn One Bedroom1BR,1BA$770

Best Value Apartments for Rent in Homewood, AL

As of February 11, 2026 the best value apartment in the Homewood area is the $1.17 price per square foot C1R Model at Berry Falls Apartments in the in the Brownville neighborhood starting from $1,575. The second greatest value Homewood apartment is the 3 Bedroom 2 Bedroom Model at Hickory Knoll starting at $1,299 with a $0.96 price per square foot in the Southwest Birmingham neighborhood. Here is today’s list of the best values for Homewood apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Berry Falls ApartmentsC1R3BR,2BA$1.17
Hickory Knoll3 Bedroom 2 Bedroom3BR,2BA$0.96
Terrace Court2x1 [5th Floor]2BR,1BA$0.95
Shadesmont Apartments2 Bed / 2 Bath2BR,2BA$0.98
DMG MountainsideMtn Two Bedroom Two Bath2BR,2BA$1.11
Beacon Pointe Apartments2 Bed/2 Bath2BR,2BA$1.06
The Pearl at HomewoodTwo Bedroom Two Bath2BR,2BA$1.18
Homewood Heights Apartment Homes1 BR | 1 BA1BR,1BA$1.17
Signal Hill1 Bedroom / 1 Bathroom Apartment, Top Level1BR,1BA$1.18
Southridge Apartments1 Bedroom 1 Bath1BR,1BA$0.99

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Homewood, AL

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Remember the 3 Rules of Real Estate:
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Frequently Asked Questions about Homewood

What type of rentals are currently available in Homewood?

There are currently 461 Apartments for Rent in Homewood, AL with pricing that ranges from $500 to $16,244. There are also 185 Single Family Homes for rent, Condos, and Townhome rentals currently available in Homewood ranging from $675 to $5,000.

What is the current price range for Rental Homes in Homewood?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Homewood ranges from $675 to $5,000 with an average monthly rent of $1,709.

How much are larger Three and Four Bedroom Rentals in Homewood?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Homewood range from $900 to $3,175, while Three Bedroom Homes, Condos, and Townhomes for rent range from $725 to $4,200. Four Bedroom Single-Family rentals are also available starting from $1,200 and Four Bedroom Apartments start at $799.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Articles, How-To's, and Tips

decorative image for Birmingham Neighborhood Breakdown: Where to Find the Cheapest Rent Without Sacrificing Livability article

Birmingham Neighborhood Breakdown: Where to Find the Cheapest Rent Without Sacrificing Livability

Written by: Larry Allen

Hi. Larry Allen here, your ApartmentHomeLiving.com Local Expert for Birmingham, AL.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

decorative image for A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment article

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.